SG Americas Securities LLC Sells 27,921 Shares of Evertec, Inc. $EVTC

SG Americas Securities LLC cut its holdings in Evertec, Inc. (NYSE:EVTC) by 78.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,815 shares of the business services provider’s stock after selling 27,921 shares during the quarter. SG Americas Securities LLC’s holdings in Evertec were worth $264,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Boston Partners purchased a new position in Evertec during the 2nd quarter valued at about $12,995,000. Globeflex Capital L P lifted its holdings in shares of Evertec by 9,133.9% during the second quarter. Globeflex Capital L P now owns 289,207 shares of the business services provider’s stock valued at $10,426,000 after purchasing an additional 286,075 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Evertec by 422.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock worth $7,500,000 after purchasing an additional 168,225 shares in the last quarter. Gabelli Funds LLC purchased a new stake in shares of Evertec in the 2nd quarter worth approximately $4,386,000. Finally, Marshall Wace LLP increased its position in Evertec by 301.1% during the 2nd quarter. Marshall Wace LLP now owns 115,876 shares of the business services provider’s stock valued at $4,177,000 after buying an additional 86,990 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Susquehanna dropped their target price on Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Morgan Stanley lowered their price target on Evertec from $34.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th. Zacks Research lowered shares of Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.80.

Evertec Price Performance

NYSE EVTC opened at $29.17 on Wednesday. Evertec, Inc. has a one year low of $26.72 and a one year high of $38.56. The stock has a 50-day moving average of $29.42 and a 200 day moving average of $31.68. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.13 and a beta of 0.88.

Evertec Company Profile

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.